'As you gain experience, you realise that none of this is personal.' 'The failures actually teach you bigger and better lessons.'
The income tax department has notified all seven income tax return forms for assessment year 2025-26. While ITR forms 1 and 4, which are filed by small and medium taxpayers, were notified on April 29; ITR-7, filed by trusts and charitable institutions, was notified on May 11.
An internal audit report ordered by the defence ministry has raised questions over the functioning of the DRDO and the grant of Rs 2.8 crore by its chief V K Saraswat to a society under him.
The Supreme Court of India has transferred a Public Interest Litigation (PIL) concerning the safety and longevity of bridges in Bihar to the Patna High Court. The court expressed concern over the state government's handling of bridge collapses, noting that officials were suspended after incidents but reinstated after the public outcry subsided. The court also criticized the state's voluminous response to the PIL, which lacked explanations for the collapses. The Patna High Court will now monitor the state's efforts to ensure structural and safety audits of bridges in Bihar.
SBI has suggested that banks be exempted from handing over the complete forensic audit report to the borrower as it would hamper future investigation and forewarn the borrower by way of disclosure of confidential information.
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
'When Shahid, Ishaan and I are together, it is a madhouse because we are all performers.'
The 4.5 kilometre-long Silkyara tunnel project in Uttarakhand, which is part of the central government's strategic 900-km 'Char Dham Yatra All Weather Road', will continue after the necessary safety audit and repair of the broken structure, a senior road ministry official said on Wednesday.
Assam Chief Minister Himanta Biswa Sarma on Friday alleged that over 5,000 social media accounts, mostly operated from Islamic countries, have become active in favour of the Assam Congress.
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three.
Reliance Industries has accused CAG of exceeding its brief in the audit of spending on eastern offshore KG-D6 block saying hindsight is being used to question operational decisions taken 8 years back.
Delhi International Airport Ltd (DIAL), which constructed and operates Delhi airport, "over-engineered" the new Terminal-3 by building more floor space than stipulated under the master plan, says a cost audit report submitted to the Airports Economic Regulatory Authority (AERA).
An accused is discharged at the stage of charge-framing when the judiciary is persuaded that the prosecution's claims do not contain adequate prima facie evidence to suggest criminal conduct.
'I was motivated to do something better -- to improve my life and my parents' lives.'
Shruti Swaroop, founder of Embrace Consulting, tells you why Deepika Padukone's quiet protest should inspire you to understand your maternity benefits and plan your return to work with confidence, not compromise.
Comptroller and Auditor General Vinod Rai on Wednesday rejected reports that there was pressure from Parliament's Public Accounts Committee chairman Murli Manohar Joshi to expedite audit work of 2G spectrum allocation and said no findings were ever shared with the PAC.
'A Lufthansa crew member reached a hotel in the middle of night and slept.' 'The next morning, something fell and she bent to pick it up.' 'She saw a dead body under the bed!'
Rural Development Minister Jairam Ramesh has sent a missive to the Comptroller and Auditor General, expressing concern over delayed audit reports adversely affecting the flagship National Rural Drinking Water Programme. In a personal letter to CAG Vinod Rai, he has drawn attention to the ministry not being able to release funds to the states as they are not submitting audits of accounts of grants-in-aid along with the utilisation certificates.
Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.
Senior Nationalist Congress Party (NCP) leader Chhagan Bhujbal expressed disappointment at not being included in the new Mahayuti government in Maharashtra. He stated he would decide his future course after consulting with his constituency. Bhujbal was one of several prominent leaders excluded from the new cabinet, which was expanded on Sunday. The exclusion sparked reactions from other political figures, including former minister Deepak Kesarkar and Congress leader Bhai Jagtap.
Reserve Bank Governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens. Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based on these reports. Observing that there is a need to improve the quality and depth of audit, he said the Reserve Bank has taken a host of steps in consultation with the Institute of Chartered Accountants of India (ICAI) for improving the audit of banks and financial institutions.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
'Is it right and proper for the US authorities to allow people like Subrahmanya Swamy [sic] go round the country preaching murder, violence, overthrow of the duly elected Government of India?' A fascinating excerpt from Sugata Srinivasaraju's The Conscience Network: A Chronicle of Resistance to a Dictatorship.
Team Anna collected donations of Rs 2.94 crore in the past six months, out of which Rs 1.14 crore were received during Anna Hazare's 12-day hunger strike in Ramlila Maidan.
Sports Minister Roshan Ranasinghe on Sunday slammed Sri Lanka Cricket for bidding for a ban from the ICC, calling it a "big betrayal of the country".
Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.
A week after B Ramalinga Raju, the promoter of Satyam Computer Services, confessed to manipulating the accounts for several years, Price Waterhouse, external auditors of the Hyderabad-based software services firm, said its audit report should not be relied upon.
Railways ramps up project to instal AI-based cameras that can recognise faces.
The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024.
Delete posts that are offensive, political, divisive, or just plain immature, counsels Dr Karan Gupta.
Leader of Opposition in the Lok Sabha Rahul Gandhi has written to Prime Minister Narendra Modi flagging the 'deplorable' conditions in residential hostels for Dalit, ST, EBC, OBC and minority students and the delay in post-matric scholarships for those from marginalised communities.
'...not because they want to but because life leaves them with no choice.'
'Just the other day I went to a coffee shop and there were three people asked me, "Are you Dr Dia?"'
'Life does not change in such a way that everything becomes easy. Struggle and hustle is there for everyone. 'The difference is that people have started knowing me.'
Reconstruction of the terminal is expected to be completed by September 2028.
Mankind Pharma Ltd on Wednesday said it has been imposed a GST related penalty of over Rs 2 crore by tax authority in Kolkata over alleged mismatch in figures for the period of FY18 to FY22. The company has received an order on January 14, 2025 from Office of the Commissioner of Kolkata South CGST & CX -- issued by Additional Commissioner, Mankind Pharma said in a regulatory filing.
'There's no transparency in work (of the Wakf Board), in property transactions (of the Waqf).'
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
'You need patience. You need to focus and keep going.' 'That is true not only for the entertainment industry, but in every field.' 'Only then, the magic happens.'
